After all this, Where will DT Toronto Precon Condo Prices end up??
My guess, builders will sit on projects that haven't launched and we'll see less project launches over next 2 years. Reduction in demand (due to various economic factors) will also cut into precon price per foot highs from Jan 2020. Precon prices of $1300/$1400 will take time (several years) for the new market to catch up to. I do not think we'll see new downtown precon projects listing for less then $1k per sqft. We will see some precon investors (who bought a few years ago) try to assign their units for under $1k per sqft (cash out and run)